Robert H. Axelrod
Senior Vice President, Financial Advisor
Phone:
(305) 937-7199(305) 937-7199
The Axelrod / Berry Group at Morgan Stanley
Direct:
(305) 937-7199(305) 937-7199
Toll-Free:
(800) 672-5624(800) 672-5624
Our Mission Statement
Excellence in helping clients like you with your personalized investment and financial strategies
Welcome
We have a singular focus: to help you protect what you’ve worked hard to achieve, while preparing for whatever life brings next. After all, making intelligent financial decisions now can help you attain the lifestyle you seek later.
Our practice is built on a commitment to three principles: intelligent guidance, a diligent work ethic, and premium client care. Drawing on an extensive Wall Street background in bond analysis, trading, and fixed income equities, our team has a keen understanding of how financial markets work. And with a Portfolio Manager designation, we are among a select group of Morgan Stanley advisors who take a hands-on approach by doing our own research, analysis, and portfolio construction. Since we have seen many of the markets ups and downs in our time, we are well-suited to help you navigate turbulent times.
What does all this mean for you? It means that when it comes to investing, we are informed, measured, and patient. We focus on helping you manage risk and identify opportunity, because financial planning is about helping you get the most out of life –today, and in the years to come.
The individuals mentioned as the Portfolio Management Team are Financial Advisors with Morgan Stanley participating in the Morgan Stanley Portfolio Management program. The Portfolio Management program is an investment advisory program in which the client’s Financial Advisor invests the client’s assets on a discretionary basis in a range of securities. The Portfolio Management program is described in the applicable Morgan Stanley ADV Part 2, available at the link below or from your Financial Advisor.
Our practice is built on a commitment to three principles: intelligent guidance, a diligent work ethic, and premium client care. Drawing on an extensive Wall Street background in bond analysis, trading, and fixed income equities, our team has a keen understanding of how financial markets work. And with a Portfolio Manager designation, we are among a select group of Morgan Stanley advisors who take a hands-on approach by doing our own research, analysis, and portfolio construction. Since we have seen many of the markets ups and downs in our time, we are well-suited to help you navigate turbulent times.
What does all this mean for you? It means that when it comes to investing, we are informed, measured, and patient. We focus on helping you manage risk and identify opportunity, because financial planning is about helping you get the most out of life –today, and in the years to come.
The individuals mentioned as the Portfolio Management Team are Financial Advisors with Morgan Stanley participating in the Morgan Stanley Portfolio Management program. The Portfolio Management program is an investment advisory program in which the client’s Financial Advisor invests the client’s assets on a discretionary basis in a range of securities. The Portfolio Management program is described in the applicable Morgan Stanley ADV Part 2, available at the link below or from your Financial Advisor.
Services Include
- Financial PlanningFootnote1
- Asset Management
- Municipal BondsFootnote2
- Precious MetalsFootnote3
- Professional Portfolio ManagementFootnote4
- Structured ProductsFootnote5
- Sustainable InvestingFootnote6
- Trust AccountsFootnote7
- Retirement PlanningFootnote8
- Divorce Financial AnalysisFootnote9
- Wealth ManagementFootnote10
- Cash Management and Lending ProductsFootnote11
- 401(k) Rollovers
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*
A Plan Tailored To Your Needs
A generation ago, financial planning was relatively straightforward – people focused on wealth accumulation and then shifted most or all assets into conservative instruments to provide retirement income and principal stability. But today’s world is more complex, and turning a lifetime of savings into a lifetime of sustainable income for people who are living longer, healthier, and more active lives means attending to a wide range of issues simultaneously.
Together, we answer questions that may seem daunting:
- Do I have enough money to live for 20 years or more in retirement?
- How is it possible to generate enough income with low interest rates?
- What can I expect for inflation?
- Can my portfolio weather a market downturn?
- Are my assets protected if something unexpected happens?
We follow a disciplined process that allows us to work with you to craft a solution that helps meet your individual needs. This process aligns our efforts with your interests, providing a road map focused on what is most important to you.
Together, we answer questions that may seem daunting:
- Do I have enough money to live for 20 years or more in retirement?
- How is it possible to generate enough income with low interest rates?
- What can I expect for inflation?
- Can my portfolio weather a market downturn?
- Are my assets protected if something unexpected happens?
We follow a disciplined process that allows us to work with you to craft a solution that helps meet your individual needs. This process aligns our efforts with your interests, providing a road map focused on what is most important to you.
Step 1: Introductory Meeting
Our relationship begins with an initial discussion aimed towards getting to know you, your lifestyle, and your future goals.
Step 2: Discovery Meeting
During the discovery meeting, we will work together to establish your financial goals by reviewing your current financial situation and developing an appropriate risk tolerance that can help you achieve the financial outcome you envision for yourself.
Step 3: Financial Plan Presentation
Financial plan presentations map out essential factors that play into your financial success such as your employee and employer contributions, liquidity events, and insurance coverage. Examining relevant financial information provides a holistic asset allocation analysis for your accounts helping ensure a comprehensive financial plan.
Step 4: Action Items / Next Steps
After the financial plan presentation, we will follow up with you regarding your analysis and recommendations, which may include adjustments to your financial plan, investment allocation, company benefits and insurance coverage.
Step 5: Implementation Meeting
The implementation meeting focuses on creating prospective strategies custom designed for your specific needs. Recommended changes could include logistics, tax impact, asset allocation adjustments, and saving/benefit modifications.
Step 6: Monitoring & Performance Tracking
Finally, we will be constantly monitoring your assets and analyzing your performance tracking data seeking to ensure your financial expectations are being met and adjusted accordingly. We will keep a high degree of communication with you to make sure your concerns and requests are always addressed.
Our Suite of Digital Tools
We offer a comprehensive suite of tools to manage your wealth more effectively in today’s busy world. We strive to ensure we serve our clients with market-leading technology platforms that are resilient, safe, efficient, smart, fast and flexible.
Morgan Stanley Online (MSO)
When you sign up for MSO, you can conveniently and securely manage your account online or on your mobile device.
Click here to learn more
Morgan Stanley Mobile App
The Morgan Stanley Mobile App gives you the same capabilities as Morgan Stanley Online – all from the convenience of your own phone. It also offers features to simplify your everyday finances.
Click here to learn more
Total Wealth View
With this service, you can view all your assets and liabilities together – whether held at Morgan Stanley or elsewhere – in one place for a comprehensive overview of your assets.
Click here to learn more
Goals Planning System (GPS)
GPS is our financial planning software. It helps define what you want out of life, so we can create a financial framework to bring these goals to fruition.
Click here to learn more
Digital Vault
The Digital Vault allows you to build a centralized library for all your documents using encryption.
Click here to learn more
E-Delivery
E-Delivery allows you to securely save, print, send and receive documents at any time from both Morgan Stanley Online and the Morgan Stanley Mobile App.
Click here to learn more
E-Authorization
With E-Authorization, you no longer need to sign a paper Letter of Authorization (LOA) to authorize a wire transfer request.
Click here to learn more
E-Sign
E-Sign is a digital, paperless alternative to the traditional means of obtaining signatures for necessary paperwork. There is no registration process to begin using E-Sign – all you need is a valid email address and phone number.
Click here to learn moreWhat We Do:
There’s no magic formula to wealth management, but perhaps there’s a magic ingredient – customization. We draw on decades of experience and market insight to design highly personalized strategies and guide you every step of the way. Our first step is to get a deep understanding of who you are and what’s important to you – your family, your goals, and your risk tolerance. We then design a financial plan and investment strategy that is uniquely tailored to you. We monitor your progress, manage risks, and adjust your plan as needed along the way.
Whether you need help with retirement planning, saving for a child’s education, or fixed income derivatives, our depth of experience helps us design financial plans that navigate market complexities. We help simplify those complexities and teach you what to prepare for, how, and when.
We’re hands on, we don’t believe in a one-size-fits-all investment strategy. We actively manage risk and seek opportunities to help improve your investments every day.
We take an “old school” approach that puts you and your family first. We don’t believe in sending calls to voice mail. We work hard, because you’ve worked hard. And we want you to have the information you need to be comfortable with the financial decisions you make this week, next year, and beyond.
Whether you need help with retirement planning, saving for a child’s education, or fixed income derivatives, our depth of experience helps us design financial plans that navigate market complexities. We help simplify those complexities and teach you what to prepare for, how, and when.
We’re hands on, we don’t believe in a one-size-fits-all investment strategy. We actively manage risk and seek opportunities to help improve your investments every day.
We take an “old school” approach that puts you and your family first. We don’t believe in sending calls to voice mail. We work hard, because you’ve worked hard. And we want you to have the information you need to be comfortable with the financial decisions you make this week, next year, and beyond.
Who We Serve:
We serve a variety of clients – from professionals and corporate executives, to retirees and families. We’re deeply committed to building long-lasting client relationships, and serve the 2nd and 3rd generations of many of the families we work with. No matter what your background or life stage, we focus on bridging the gap between where you are and where you want to be.
Empowering Women- While guidance around wealth is largely the same for both genders, we understand that there are important differences for women to consider. As the primary decision-makers for nearly 40 percent of all investable assets in the U.S.1, it is concerning that studies show the vast majority of these assets are “under-invested.”2 We work with women to help them take charge of their wealth – so they can realize the strong financial future that they envision for themselves and their families.
Community- We recognize that for many clients, their community of family and friends can extend all over the country. That’s why no matter where you live or how often you travel, we are available, attentive, and ready to respond to your needs. Every step of the way.
Empowering Women- While guidance around wealth is largely the same for both genders, we understand that there are important differences for women to consider. As the primary decision-makers for nearly 40 percent of all investable assets in the U.S.1, it is concerning that studies show the vast majority of these assets are “under-invested.”2 We work with women to help them take charge of their wealth – so they can realize the strong financial future that they envision for themselves and their families.
Community- We recognize that for many clients, their community of family and friends can extend all over the country. That’s why no matter where you live or how often you travel, we are available, attentive, and ready to respond to your needs. Every step of the way.
Resources and Research
Morgan Stanley seeks to make complex financial ideas more digestible so our clients understand what is being done on their behalf to plan for their financial future. Checkout the below content to see our latest market updates and reports from the top researchers at our firm.
2024 Federal Tax Tables
This document outlines the 2024 tax rate schedule, education and health savings account limits, retirement contribution and deduction limits, among other information.
View 2024 Tax Tables
Global Investment Committee “On the Markets” Report
Every month, Morgan Stanley’s top research analysts publish their “On the Markets” report, providing detailed market commentary on such topics as global equities, fixed income and monetary policy.
Read the most recent report
Thoughts on the Markets Podcast
With perspectives on the forces shaping the market, Mike Wilson, Chief Investment Officer and Chief US Equity Strategist for Morgan Stanley, and his colleagues discuss a variety of viewpoints regarding the latest trends in the financial marketplace.
Listen to the latest episode
Global Investment Committee Weekly Research Report
The Global Investment Committee's Lisa Shalett headlines this weekly look at markets, asset class performance and fixed income.
Access this week's edition
Morgan Stanley Ideas Podcast
From satellite data technology used to solve some of the world's most complex problems to learning how not to follow the crowd when making decisions, the Morgan Stanley Ideas Podcast brings revealing stories about the world of business, finance, technology and beyond.
Listen to the newest Ideas
Online Security Center
Safeguarding your assets and personal information remain a top priority at Morgan Stanley. Click the link to learn about our stringent security measures and how to help protect yourself online.
Online Security CenterLocation
20807 Biscayne Blvd 5th&6th
Fl
Aventura, FL 33180
US
Direct:
(305) 937-7199(305) 937-7199
Toll-Free:
(800) 672-5624(800) 672-5624
Fax:
(305) 370-6719(305) 370-6719
Meet The Axelrod / Berry Group
Heather D. Berry
Vice President, Financial Advisor, Portfolio Manager
Phone:
(305) 937-7198(305) 937-7198
About Robert H. Axelrod
Robert H. Axelrod is a Senior Vice President, Financial Advisor and founding partner of The Axelrod and Berry Group at Morgan Stanley. With more than 30 years of financial industry experience, Bob focuses on building customized wealth management strategies for professionals, corporate executives, retirees, and families.
A graduate of Wagner College, Bob earned a Bachelor of Science in Business and Accounting. Directly after college, Bob began his career on Wall Street and developed an extensive knowledge of bond analysis, trading, and fixed income derivatives. He later completed advanced coursework in Bond Market Analysis at the New York Institute of Finance. In 1994, Bob joined a predecessor firm of Morgan Stanley and has now been with the company for more than 25 years.
Deeply committed to helping clients reach their unique goals, Bob focuses on delivering exceptional service and building long-term relationships that span generations. Drawing on decades of market experience and insight, he has a keen understanding of how financial markets work. While there is no magic formula to wealth management, Bob believes that customization is the magic ingredient – and that starts with a deep understanding of clients’ needs and goals. He designs highly personalized strategies and helps clients navigate market complexities in a clear, thoughtful manner. Attentive and available, Bob believes in taking care of the details, actively managing risk, and continuing to seek investment opportunities that can help clients reach the future they envision for themselves and their families.
A graduate of Wagner College, Bob earned a Bachelor of Science in Business and Accounting. Directly after college, Bob began his career on Wall Street and developed an extensive knowledge of bond analysis, trading, and fixed income derivatives. He later completed advanced coursework in Bond Market Analysis at the New York Institute of Finance. In 1994, Bob joined a predecessor firm of Morgan Stanley and has now been with the company for more than 25 years.
Deeply committed to helping clients reach their unique goals, Bob focuses on delivering exceptional service and building long-term relationships that span generations. Drawing on decades of market experience and insight, he has a keen understanding of how financial markets work. While there is no magic formula to wealth management, Bob believes that customization is the magic ingredient – and that starts with a deep understanding of clients’ needs and goals. He designs highly personalized strategies and helps clients navigate market complexities in a clear, thoughtful manner. Attentive and available, Bob believes in taking care of the details, actively managing risk, and continuing to seek investment opportunities that can help clients reach the future they envision for themselves and their families.
Securities Agent: AL, FL, GA, IL, MA, MD, ME, NC, NJ, NY, DE, VA, TX, SC, PA, OR, CT, CO, CA; BM/Supervisor; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1278836
NMLS#: 1278836
About Heather D. Berry
Heather D. Berry is a Vice President, Portfolio Manager, and Financial Advisor with The Axelrod and Berry Group at Morgan Stanley. With more than 20 years of experience, she focuses on building financial plans and investment strategies that meet each client’s unique needs, priorities, and risk tolerance.
A native Floridian, Heather graduated from Florida State University with a bachelor’s degree in Business and Communications. She completed Morgan Stanley’s rigorous Investment Studies program at the World Trade Center in New York and joined the firm in 2001. But as a second-generation Morgan Stanley Financial Advisor, Heather has been connected to the firm and to financial markets for many years.
As a Portfolio Manager, Heather is among a select group of Morgan Stanley advisors who conduct their own research, analysis, and portfolio construction. Her customized investment strategies focus on mitigating risks and identifying opportunities with one simple aim: to help clients protect what they have and prepare for the future. Embracing a compassionate “client-first” philosophy, Heather cultivates strong client relationships, offers highly personalized service, and designs financial strategies tailored specifically to each client’s unique needs and long-term objectives. She has worked extensively with foundations and trusts to develop custom investment plans, and recognizes the need for women-centered solutions that meet the unique needs of female investors.
A native Floridian, Heather graduated from Florida State University with a bachelor’s degree in Business and Communications. She completed Morgan Stanley’s rigorous Investment Studies program at the World Trade Center in New York and joined the firm in 2001. But as a second-generation Morgan Stanley Financial Advisor, Heather has been connected to the firm and to financial markets for many years.
As a Portfolio Manager, Heather is among a select group of Morgan Stanley advisors who conduct their own research, analysis, and portfolio construction. Her customized investment strategies focus on mitigating risks and identifying opportunities with one simple aim: to help clients protect what they have and prepare for the future. Embracing a compassionate “client-first” philosophy, Heather cultivates strong client relationships, offers highly personalized service, and designs financial strategies tailored specifically to each client’s unique needs and long-term objectives. She has worked extensively with foundations and trusts to develop custom investment plans, and recognizes the need for women-centered solutions that meet the unique needs of female investors.
Securities Agent: PA, SC, TX, VA, WA, RI, AL, CA, CO, CT, DE, FL, GA, IL, MD, ME, NC, NJ, NY, OH, OR; General Securities Representative; Investment Advisor Representative; Managed Futures
NMLS#: 1275644
NMLS#: 1275644
Contact Robert H. Axelrod
Contact Heather D. Berry
The Power of Partnerships
By partnering with experienced individuals across wealth disciplines, Morgan Stanley Financial Advisors can align specialized resources with your custom needs and deliver strategic guidance through the familiarity and trust of existing relationships
John Fanning
Senior Private Banker
Leticia Teixeira, CFP®, CEPA®
Financial Planning Director, Vice President
About John Fanning
John Fanning is a Private Banker serving Morgan Stanley Wealth Management offices in Florida.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
John began his career in financial services in 1992, and joined Morgan Stanley in 2010 as a Financial Advisor. Prior to joining the firm, he was a Commercial Banker at SunTrust Bank (now Truist Bank) and Bank United. He also also served as a Finance Manager at Merrill Lynch Business Financial Services.
John is a graduate of Florida Atlantic University, where he received a Bachelor of Science in Finance. He lives in Fort Lauderdale, Florida with his family. Outside of the office, John enjoys coaching and watching his sons excel in sports, spending time with family and friends, and cheering on all South Florida sports team.
Private Bankers partner with Financial Advisors to develop a specialized approach for managing clients’ cash flow, liquidity and financing needs, leveraging our comprehensive suite of cash management and lending solutions.
John began his career in financial services in 1992, and joined Morgan Stanley in 2010 as a Financial Advisor. Prior to joining the firm, he was a Commercial Banker at SunTrust Bank (now Truist Bank) and Bank United. He also also served as a Finance Manager at Merrill Lynch Business Financial Services.
John is a graduate of Florida Atlantic University, where he received a Bachelor of Science in Finance. He lives in Fort Lauderdale, Florida with his family. Outside of the office, John enjoys coaching and watching his sons excel in sports, spending time with family and friends, and cheering on all South Florida sports team.
NMLS#: 803783
About Leticia Teixeira
Leticia Teixeira, CFP®, CEPA® is a Vice President and Financial Planning Director serving Morgan Stanley’s Wealth Management offices in Southeast Florida. She is responsible for helping Financial Advisors with their clients' and prospects' financial planning needs.
Leticia began her career in financial services in 2011 and joined Morgan Stanley in 2020. Prior to her current position, she worked at multiple Financial Services firms in Florida including RBC, Itaú and UBS.
Leticia graduated from Florida International University with a B.A. in Psychology and obtained an MBA in Organizational Management from Carlos Albizu University. She holds her Certified Financial Planner® and Certified Exit Planning Advisor® designations.
Outside of work, Leticia enjoys practicing her photography skills, family trips and volunteering at school activities. Leticia is originally from Sao Paulo, Brazil and she is fluent in English and Portuguese, and conversational in Spanish. She currently lives in Broward, FL with her husband and 2 children.
Leticia began her career in financial services in 2011 and joined Morgan Stanley in 2020. Prior to her current position, she worked at multiple Financial Services firms in Florida including RBC, Itaú and UBS.
Leticia graduated from Florida International University with a B.A. in Psychology and obtained an MBA in Organizational Management from Carlos Albizu University. She holds her Certified Financial Planner® and Certified Exit Planning Advisor® designations.
Outside of work, Leticia enjoys practicing her photography skills, family trips and volunteering at school activities. Leticia is originally from Sao Paulo, Brazil and she is fluent in English and Portuguese, and conversational in Spanish. She currently lives in Broward, FL with her husband and 2 children.
Wealth Management
Global Investment Office
Portfolio Insights
Investing
Working closely with you to guide your wealth and investments through the most challenging market cycles.
- Asset Management
- Wealth Planning
- Traditional Investments
- Alternative Investments
- Impact Investing
Retirement
Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
- 401(k) Rollovers
- IRA Plans
- Retirement income strategies
- Retirement plan participants
- Annuities
Family
Creating customized financial strategies for the challenges that today’s families face.
- Estate Planning Strategies
- 529 Plans / Education Savings Planning
- Long Term Care Insurance
- Special Needs Planning
- Trust Services
Are You Prepared for Tax Day?
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Business Planning
Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
- Succession Planning
- Business Planning
- Qualified Retirement Plans
Financial Planning for Life After Selling a Business
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Ready to start a conversation? Contact The Axelrod / Berry Group today.
1Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences or review our Understanding Your Brokerage and Investment Advisory Relationships brochure available at www.morganstanley.com/wealth-relationshipwithms/pdfs/understandingyourrelationship.pdf.
2Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.
3Physical precious metals are non-regulated products. Precious metals are speculative investments, which may experience short-term and long-term price volatility. The value of precious metals investments may fluctuate and may appreciate or decline, depending on market conditions. If sold in a declining market, the price you receive may be less than your original investment. Unlike bonds and stocks, precious metals do not make interest or dividend payments. Therefore, precious metals may not be appropriate for investors who require current income. Precious metals are commodities that should be safely stored, which may impose additional costs on the investor. The Securities Investor Protection Corporation (“SIPC”) provides certain protection for customers’ cash and securities in the event of a brokerage firm’s bankruptcy, other financial difficulties, or if customers’ assets are missing. SIPC protection does not apply to precious metals or other commodities.
4Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
5Structured Investments are complex and not appropriate for all investors. An investment in structured investments involves risks. These risks can include but are not limited to: fluctuations in the price, level or yield of underlying asset(s), interest rates, currency values and credit quality, substantial loss of principal, limits on participation in appreciation of underlying asset(s), limited liquidity, credit risk, and/or conflicts of interest. Many structured investments do not pay interest or guarantee a return above principal at maturity. Investors should read the security’s offering documentation prior to making an investment decision.
6The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
7Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
8When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
9Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
10Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
11Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Check the background of our Firm and Investment Professionals on FINRA's BrokerCheck*.
The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
Morgan Stanley reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. Morgan Stanley will not accept purchase or sale orders via any Internet site, social media site and/or its messaging systems. Morgan Stanley does not endorse and is not responsible and assumes no liability for content, products or services posted by third-parties on any Internet site, social media site and/or its messaging systems. All electronic communications are subject to terms available at the following link:
https://www.morganstanley.com/disclaimers/mswm-email.html. Any profiles and associated content are for U.S. residents only.
The securities/instruments, services, investments and investment strategies discussed in this material may not be appropriate for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third-party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
The views, opinions or advice contained within third party websites or materials are solely those of the author, who is not a Morgan Stanley employee, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates. The strategies and/or investments referenced may not be appropriate for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S, which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
Awards Disclosures
2Municipal bonds may not be appropriate for all investors. Income generated from an investment in a municipal bond is generally exempt from federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Consult your own tax/legal advisor before making any tax or legal-related investment decisions.
3Physical precious metals are non-regulated products. Precious metals are speculative investments, which may experience short-term and long-term price volatility. The value of precious metals investments may fluctuate and may appreciate or decline, depending on market conditions. If sold in a declining market, the price you receive may be less than your original investment. Unlike bonds and stocks, precious metals do not make interest or dividend payments. Therefore, precious metals may not be appropriate for investors who require current income. Precious metals are commodities that should be safely stored, which may impose additional costs on the investor. The Securities Investor Protection Corporation (“SIPC”) provides certain protection for customers’ cash and securities in the event of a brokerage firm’s bankruptcy, other financial difficulties, or if customers’ assets are missing. SIPC protection does not apply to precious metals or other commodities.
4Morgan Stanley’s investment advisory programs may require a minimum asset level and, depending on your specific investment objectives and financial position, may not be appropriate for you. Please see the Morgan Stanley Smith Barney LLC program disclosure brochure (the “Morgan Stanley ADV”) for more information in the investment advisory programs available. The Morgan Stanley ADV is available at www.morganstanley.com/ADV.
5Structured Investments are complex and not appropriate for all investors. An investment in structured investments involves risks. These risks can include but are not limited to: fluctuations in the price, level or yield of underlying asset(s), interest rates, currency values and credit quality, substantial loss of principal, limits on participation in appreciation of underlying asset(s), limited liquidity, credit risk, and/or conflicts of interest. Many structured investments do not pay interest or guarantee a return above principal at maturity. Investors should read the security’s offering documentation prior to making an investment decision.
6The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against loss in a declining financial market.
7Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
8When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
9Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
10Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
11Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
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Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.
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Awards Disclosures
CRC 6491812 (04/2024)
